Timonrosso

Netcare looking sick at the moment - Target R10.36

Short
JSE:NTC   NETCARE LIMITED
Inv Cup and Handle has formed on Netcare since November 2023.

It is a high probability nature that the price is likely to drop as the price is below both 20MA and 200MA.

First target is to R10.36.

NOTE: I do acknowledge that there could be a short term W Formation which could cause some chop and even short term upside.

So this is indeed a medium term analysis.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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